Crypto exchange Binance announced on Nov. 26 that it signed a memorandum of understanding with the Department of Finance of Ho Chi Minh City, Vietnam, to advance digital-asset and blockchain initiatives supporting the city’s planned international financial center. The move outlined training and advisory efforts designed to strengthen Vietnam’s position in global financial markets.

Binance Chief Compliance Officer Noah Perlman stated:

We are excited to work with the Ho Chi Minh City Department of Finance to build a strong foundation for Vietnam’s International Financial Centre, share global best practices for digital assets, pilot blockchain solutions, and foster innovation among startups, SMEs, and enterprises within the city and beyond.

The document was signed during the Autumn Economic Forum 2025, where local officials and investment groups observed the agreement. The cooperation includes seminars for market participants, consultations on blockchain use cases, and links between domestic and foreign financial networks.

Read more: Vietnam Greenlights Five-Year Crypto Trading Pilot

The exchange framed the arrangement as part of its broader strategy to align with regulators while expanding responsible crypto development in Southeast Asia. Binance indicated that deeper collaboration with government agencies could help Vietnam accelerate blockchain adoption, broaden access to digital-finance tools, and draw investment into its emerging financial hub. Supporters of crypto argue that such public-private collaborations can widen financial inclusion, strengthen capital-market infrastructure, and provide long-term economic benefits, particularly as demand for decentralized technology grows.

• What is the focus of Binance’s agreement with Ho Chi Minh City?
  It centers on advancing digital-asset initiatives and blockchain development for the city’s planned international financial center.
• How does the partnership aim to support Vietnam’s financial ambitions?
  It provides training, advisory work and global best practices to strengthen the country’s digital-finance ecosystem.
• Why is blockchain adoption emphasized in the collaboration?
  Binance and local officials see blockchain as a catalyst for innovation, inclusion and capital-market growth.
• What broader benefits do supporters expect from the initiative?
  They anticipate increased investment, improved financial infrastructure and long-term economic gains.

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